Indianapolis Business Journal - October 2-8, 2017

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In This Issue

Front Page

Former DWD chief used ex-colleagues to build key data tool

Steve Braun says Inquidia Consulting was uniquely qualified to help create the state’s groundbreaking "Demand Driven Workforce System," which will influence how millions of dollars in training and education money is spent.

Archer’s property could start domino of development on south side of 116th

Since 2014, developers have invested nearly $90 million between three projects on the north side of 116th Street in Fishers. Now, the south side—mostly lined with small, one-story retail buildings and parking lots—could see a similar boom.

Tight job market puts not-for-profits to test

Some local entities have increased their attention on retaining existing staff, encouraging volunteers to move into paid positions and expanding their searches when jobs become available by targeting recent graduates or community clubs or schools.

Top Stories

Judge spares exec from prison in bribery case

Dilip Vadlamudi, the founder of Indianapolis-based Pyramid Technology Solutions, funneled money to a co-conspirator in return for millions of dollars of IT work.

Former Conner Prairie exec set to raise profile of Indiana State Museum

Cathy Ferree is trying to usher in an era of change for the Indiana State Museum that will include new permanent exhibits, increased marketing and perhaps most importantly, new programming at the museum meant to increase attendance through repeat visitors.

LifeOmic teams with IU, Regenstrief on precision medicine

The startup, founded by serial entrepreneur Don Brown, has hashed out a deal that it gives it access to a broad range of intellectual property.

Oklahoma City firm set to buy spiffed-up Market Tower

Square Deal is purchasing the 30-story building from Zeller Realty, which put it on the market in the summer after spending millions on renovations and improving occupancy.

Downtown's Pan Am Plaza building hits market

At 138,800 square feet, it's downtown’s 19th-largest office complex. But the building played a major role in the city's efforts in becoming a sports town worthy of hosting a Super Bowl.

Carmel-based Merchants Bancorp plans state's first IPO since 2013

Merchants intends to list its common stock on the NASDAQ Capital Market under the ticker symbol MBIN.

Carmel board denies event variance request from Lucases

The Lucases have hosted major gatherings on their West 116th Street estate since 2011—but with no special permitting or commercial zoning that a traditional event center would need.

Focus

Employers, workers brace for another round of health premium increases

The National Business Group on Health is projecting the total cost of providing medical and pharmacy benefits to increase 5 percent for the fifth consecutive year in 2018.

BROMUND: It’s time for our community to pursue culture of health

FDA’s consumer protection warnings falling under Trump

From January to July, the agency sent 265 warning letters to companies, notifying them of what it alleged to be serious violations of federal rules. That’s the lowest tally for the first seven months of any year since 2008.

State employees spread donations around

The Indiana State Employees’ Community Campaign said more than 6,100 employees contributed more than $1.47 million to 1,600 charities.

Opioid-abusers on payroll create risks at workplace

Castlight Health, a benefits platform, estimates that opioid abusers cost employers nearly twice as much in health-care expenses as their clean co-workers—an extra $8,600 a year.

Wanted: 1 million people to study genes, habits, health

Hospital system leases north-side building

St. Vincent Health filed an application Sept. 22 with the state, seeking to remodel 192,327 square feet of the Parkwood West Building, 250 West 96th St., for administrative offices.

IU, Purdue get $2.55M to study breast cancer

Researchers at Indiana University and Purdue University have received $2.55 million from Susan G. Komen to study possible new treatments.

A&E, etc.

LOU'S VIEWS: A trio of regional premieres help launch theater season

‘The Curious Incident of the Dog in the Night-Time,’ ‘Fun Home’ and ‘Memphis’ show off local strengths.

DINING: California’s Los Arroyos proves welcome addition

Just make sure to leave room for the flan.

LOPRESTI: The Colts score, but Leonard puts points on the board

Scoreboard operator still at it after more than 30 years, but don't confuse him with the timekeeper.

Opinion

EDITORIAL: Party war in Carmel is not over yet

We’re sympathetic to the concerns of the neighbors, but the generosity Forrest and Charlotte Lucas show by holding fundraisers for not-for-profits at their Carmel estate is worth preserving.

MORRIS: Forty Under 40 spans 25 years

We've honored 1,000 young leaders (some of whom aren't so young now), in a variety of professions.

PETERSON: Indy has role attacking Africa’s HIV crisis

Five hundred medical students from IU have received training in Kenya, and lessons learned from the program have been applied back here in the United States.

ELLSPERMANN: Rural Indiana needs the NEH and NEA

Indiana has made a concerted effort to promote the STEM (science, technology, engineering and math) disciplines, and, as a college president and engineer, I support that effort 100 percent. But I don’t believe that this emphasis should be at the expense of the arts and humanities.

SKARBECK: Amazon has escaped tough antitrust scrutiny

Today, with the rapid technological change taking place in many industries, some observers are beginning to ask if we have entered a new age for antitrust. The company that is regularly targeted for this discussion is Amazon.

BOHANON & STYRING: A hurricane-force lesson in supply and demand

Prices are how resources are directed to their highest valued uses. A higher price says both “use less” and “we want more.”

LETTER: Free speech rights should extend to work

Employees should not be asked to hold their tongues, or otherwise be someone they are not when at work for fear of losing their job. Politics is part of who each of us are. It is a manifestation of our values and our social conscious.

In Brief

Former Klipsch concert venue to be renamed for mortgage firm

Live Nation, owner of the 24,000-capacity amphitheater in Noblesville, announced Wednesday morning that the venue would be renamed Ruoff Home Mortgage Music Center as part of a multiyear deal.

City launches 'Street Reach' effort to help homeless, curb panhandling

Central to the campaign is a new full-time manager who will focus on business engagement and connecting homeless individuals to housing and addiction treatment options.

Fishers seeking to develop two parcels by Nickel Plate Amphitheater

The parcels, which are divided by Municipal Drive, could be developed into 65,000 square feet of office space.

Council approves new left-turn restrictions in advance of Red Line

The Indianapolis City-County Council on Monday night approved a plan to limit left turns at dozens of intersections on Meridian Street and College Avenue in preparation for the impending Red Line bus rapid-transit project.

Chicago-based taco bar preparing to open downtown Indy location

A restaurant with three locations in Chicago plans to occupy the first-floor space vacated earlier this year by Tilted Kilt Pub & Eatery at South Meridian and Georgia streets.

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